Inflation in Georgia

Georgia Inflation | Economic News & Forecasts

Georgia - Inflation

Economic growth accelerated in Q1 as Russia’s surging appetite for Georgian commodity exports boosted the external sector. Domestic demand metrics, however, were less upbeat in Q1: A rise in unemployment and a jump in inflation, which more than doubled from the previous quarter, likely curbed real income growth and weighed on consumer spending. Turning to Q2, growth appears to have remained vigorous. Economic activity growth came in above Q1’s average in April, largely thanks to impressive merchandise exports growth. Meanwhile, on 13 May, IMF staff approved a further USD 41.6 million of additional financing. Subject to approval by the executive board, this will bring total disbursements under the program to around USD 207.9 million.

Georgia - Inflation Data

2013  2014  2015  2016  2017  
Inflation Rate (CPI, annual variation in %)-0.5  3.1  4.0  2.1  6.0  

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Georgia Inflation Chart


Georgia Inflation
Note: Inflation, annual variation of consumer price index (CPI) in % (aop).
Source: National Bank of Georgia.

Georgia Facts

ValueChangeDate
Exchange Rate2.740.0 %Jun 14
Stock Market0.50.55 %Jun 14

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